CDH Venture, an arm of one of China’s biggest asset managers CDH Investments, has been overshadowed by the manager’s private equity unit in the last few years, but a recent management shuffle and new investment strategy may turn CDH Venture’s luck around.
CDH Venture has recently closed a third venture capital fund at just over $100 million, but the offering fell short of its $150 million target, a person familiar with the situation said. At around the $100 million mark, CDH Venture III is far smaller relative to CDH Venture II, which totaled $500 million, and comes in under its $200 million initial venture fund.
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